Renren (RENN) Volatility Rises Amid Facebook Weakness; Shares Break Below Key Levels
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Renren Inc. (NYSE: RENN) shares are getting hit Monday, no doubt as Facebook has begun selling on weakness.
Volatility for Renren is up 16 - 17 percent and 117 percent over its trailing historical average.
Shares are down about 8.9 percent, though off of session lows. Renren also broke below its 50-day SMA and 200-day Daily SMA, at $5.94 and $5.44, respectively.
Volatility for Renren is up 16 - 17 percent and 117 percent over its trailing historical average.
Shares are down about 8.9 percent, though off of session lows. Renren also broke below its 50-day SMA and 200-day Daily SMA, at $5.94 and $5.44, respectively.
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